THE POSS FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THE POSS FAMILY FOUNDATION (EIN 04-3412829)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-12
IRS object ID
202541329349100214
Schema version
2024v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-12T07:30:33-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN061149587PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ADAMS SAMARTINO & COMPANY PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1751 FARMINGTON AVEAddressLine1Txt
CityBRISTOLCityNm
State AbbreviationCTStateAbbreviationCd
ZIP06010ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043412829EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE POSS FAMILY FOUNDATIONBusinessNameLine1Txt
Business Name Line2C/O DR ELLEN M POSSBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlPOSSBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 WARREN STREETAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDR ELLEN M POSSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Phone6175363090PhoneNum
Signature2025-05-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRIS ELLIOT CPAPreparerPersonNm
PTINP00068656PTIN
Phone8605838675PhoneNum
Preparation2025-05-07PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,032,950FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$8,922InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,922InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$34,670DividendsRevAndExpnssAmt
Dividends Net Invst Incm$34,670DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$25,434NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$514,748GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$2,636CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$18,158TotalRevAndExpnssAmt
Total Net Invst Incm$46,228TotalNetInvstIncmAmt
Legal Fees Rev And Expnss$34,663LegalFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$17,266OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$17,266OtherProfFeesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$51,929TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$17,266TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$381,315ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$381,315ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$433,244TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$17,266TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$381,315TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$415,086ExcessRevenueOverExpensesAmt
Net Investment Income$28,962NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$131,308SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$55,497SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$55,497SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$1,213,561OtherInvestmentsBOYAmt
Other Investments EOY$863,968OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,977,453OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,344,869TotalAssetsBOYAmt
Total Assets EOY$919,465TotalAssetsEOYAmt
Total Assets EOYFMV$2,032,950TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$1,344,869NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$919,465NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$1,344,869TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$919,465TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,344,869TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$919,465TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,344,869TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$415,086ExcessRevenueOverExpensesAmt
Subtotal$929,783SubtotalAmt
Other Decreases$10,318OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$919,465TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

FieldValueIRS element (for citing)
Capital Gain Net Income$2,636CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$403InvestmentIncomeExciseTaxAmt
Subtotal$403SubtotalAmt
Tax Based On Investment Income$403TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,634EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,634TotalPaymentsAndCreditsAmt
Overpayment$2,231OverpaymentAmt
Applied To ES Tax$2,231AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateMAOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrfalseComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt
Individual With BooksDR ELLEN M POSSIndividualWithBooksNm
Phone6175660119PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1450 WARREN STREETAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonDR ELLEN M POSSPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1450 WARREN STREETAddressLine1Txt
CityBROOKLINECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02445ZIPCd
FieldValueIRS element (for citing)
TitleTRUSTEETitleTxt
Average Hrs Per Wk Devoted To Pos0.00AverageHrsPerWkDevotedToPosRt
Compensation$0CompensationAmt
Employee Benefit Program$0EmployeeBenefitProgramAmt
Expense Account Other Allwnc$0ExpenseAccountOtherAllwncAmt
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,077,168AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$69,721AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$2,146,889TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$2,146,889AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$32,203CashDeemedCharitableAmt
Net Vl Noncharitable Assets$2,114,686NetVlNoncharitableAssetsAmt
Minimum Investment Return$105,734MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$105,734MinimumInvestmentReturnAmt
Tax Based On Investment Income$403TaxBasedOnInvestmentIncomeAmt
Total Tax$403TotalTaxAmt
Distributable Before Adj$105,331DistributableBeforeAdjAmt
Distributable Before Ded$105,331DistributableBeforeDedAmt
Distributable As Adjusted$105,331DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$381,315ExpensesAndContributionsAmt
Qualifying Distributions$381,315QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$105,331DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$3,085,596ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$2,692,414ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$2,370,508ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$2,169,089ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$405,888ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$10,723,495TotalExcessDistributionCyovAmt
Qualifying Distributions$381,315QualifyingDistributionsAmt
Applied To Current Year$105,331AppliedToCurrentYearAmt
Remaining Distri From Corpus$275,984RemainingDistriFromCorpusAmt
Total Corpus$10,999,479TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$3,085,596ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$7,913,883ExcessDistriCyovToNextYrAmt
Excess From Year4$2,692,414ExcessFromYear4Amt
Excess From Year3$2,370,508ExcessFromYear3Amt
Excess From Year2$2,169,089ExcessFromYear2Amt
Excess From Year1$405,888ExcessFromYear1Amt
Excess From Current Year$275,984ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (4 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmtBusiness Name Line2RecipientBusinessName/BusinessNameLine2Txt
NEW YORK LIVE ARTS
219 W 19TH STNEW YORKNY10011PROMOTE CHARITABLE PURPOSE$200,000
NEW YORK LIVE ARTS
219 W 19TH STNEW YORKNY10011PROMOTE CHARITABLE PURPOSE$20,100
NEW YORK LIVE ARTS
219 W 19TH STNEW YORKNY10011PROMOTE CHARITABLE PURPOSE$151,215
HOSPICE & PALLIATIVE CARE OF
455 STATE RD PMB 244VINEYARD HAVENMA02568PROMOTE CHARITABLE PURPOSE$10,000MARTHA'S VINEYARD
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$381,315TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,922ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$34,670ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion-$25,434ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$18,158ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$18,158TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Gain Loss Sale Other Assets Sch GainLossSaleOtherAssetsSch

Gain Loss Sale Other Asset GainLossSaleOtherAssetGrp

FieldValueIRS element (for citing)
AssetMORGAN STANLEY - SEE ATTACHEDAssetDesc
Acquired2023-01AcquiredDt
How AcquiredPURCHASEHowAcquiredTxt
Sold2024-12SoldDt
Gross Sales Price$512,112GrossSalesPriceAmt
Basis$540,182BasisAmt
Total Net-$28,070TotalNetAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemOTHER ASSETSCategoryOrItemTxt
Listed At Cost Or FMVAT COSTListedAtCostOrFMVCd
Book Value$863,968BookValueAmt
EOYFMV$1,977,453EOYFMVAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryINDIRECT LEGAL FEESCategoryTxt
Legal Fees$34,663LegalFeesAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescCHANGE IN VALUESDesc
Amt$10,318Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmt
MORGAN STANLEY$13,766$13,766
FIRST STATE TRUST COMPANY$3,500$3,500

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